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58 articles

March 2023

Bitcoin breaks above US$28,000 as Do Kwon detained in Montenegro

Welcome to The Daily Forkast – March 24, 2023 – presented by Joel Flynn for the latest in the crypto markets. Most major cryptocurrencies have seen a increase in their prices amid the Federal Reserve’s decision to raise the Fed rate by another 25-basis points. Terra Luna founder Do Kwon has been arrested by Montenegrin […]

Centralized intermediaries were cause of crypto failures in 2022, says Voorhees

If there was a lesson from the crypto implosions of 2022, it is the demonstration of the superiority of open code and decentralization over central intermediaries, argues Voorhees at DC Blockchain Summit.

Crypto needs to look abroad as US exchanges go unbanked

The fall of Silvergate, SVB and Signature has left crypto firms scrambling for new banks. Will crypto banking head offshore for the long term?

Weekly Market Wrap: Bitcoin rises above US$26,000, as ‘store of value’ narrative strengthens amid bank failures

As the U.S. banking system stared into the pit of bank runs and collapsing share prices, the authorities acted swiftly to try and pull everything back from the edge. However, Bitcoin seemed unperturbed. Is this what a safe haven looks like?

Another Crazy Week For Bitcoin

Bitcoin and other cryptocurrencies bounce back after a turbulent week for banks in the US and Switzerland.

Who should be held responsible for the Silvergate Bank and SVB crises?

As bank after bank topples, fingers are pointing everywhere. But crypto is not to be blamed for this unfolding crisis, writes Winston Hsiao of XREX.

Circle’s USDC bounces back after Silicon Valley Bank bust

Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.

India imposes money laundering regulations on crypto industry

India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.

Circle’s Disparte speaks on de-risking crypto from banking risks

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

Banks are bringing systemic risks to crypto, says Circle’s Disparte

The recent U.S. bank failures are proof that the banking system is introducing systemic risks to the crypto industry, not vice versa, says Circle chief strategy officer Dante Disparte.

Crypto banking crisis?

As the U.S. tries to head off a bank run, crypto is quickly running out of places to bank with.

Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk

Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.

Weekly Market Wrap: Bitcoin falls below US$20,000 as Silvergate collapse, rate hike concerns rise

Bitcoin fell below US$20,000 for the first time since Jan. 13 on the back of crypto bank Silvergate’s collapse and the U.S. Fed signaling higher than expected interest rate hikes.

Bank bust

Contagion, regulation worries grow after crypto bank’s demise

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop

The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.

CBDC: Boon Or Bane?

Critics fear CBDCs could mean the end of cryptocurrencies, and an increasing number of countries are racing to develop their own.

What policymakers need to know about the metaverse to make the real world a better place

The metaverse has the potential to make the real world more just and inclusive, writes Sébastien Borget of The Sandbox. Here are the key ingredients for its future success.

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.

Indonesia’s Crypto First

Indonesia’s crypto coming of age could help them become a blockchain superpower

Bitcoin Punks exceed 1,145 ETH in daily trading volume as Bitcoin Ordinals gain traction

Less than two months since the launch of the Ordinals protocol, Bitcoin Ordinals are gaining traction. Yuga Labs announced its first Bitcoin-native NFT collection, on the same day Bitcoin Punks saw over 1,145 ETH in trading volume. Industry commentators told Forkast what this could be for the Bitcoin network.

Blur NFT wash trading soars, fueling market distortions

Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.

FastForkast headlines

Zipmex buyer misses payment, could risk US$100 million buyout: Bloomberg

South Korea confirms identity of man arrested in Europe as Terra-Luna fugitive Do Kwon, seeks extradition

South Korea arrests former Coinone exchange official for alleged crypto-listing bribery

SEC warns Coinbase of potential legal action over staking, separately targets Tron founder Sun

Magic Eden introduces Bitcoin Ordinals for NFT traders

Bitcoin rises above US$28,000; XRP biggest gainer in top 10 cryptos

Indian crypto exchange WazirX blocks over 2,400 accounts in 6 months

Terraform Labs founder Daniel Shin again questioned by South Korea prosecutors over stablecoin collapse

Singapore-based Crypto.com gets preparatory license to expand services in Dubai

Bithumb executive faces investigation over alleged bribery in South Korean crypto listing

Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks

India, UAE to collaborate on cross-border central bank digital currencies

Ripple executives say XRP lawsuit ruling will have little impact on global business operations

South Korea cranks up pressure to extradite Do Kwon, founder of failed Terra-Luna stablecoin

Voyager-Binance.US’ $1 bln deal should be put on hold, says U.S. Department of Justice

Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound

Binance suspends pound sterling services for U.K. customers as payment provider backs out

Meta plans to wind down NFT initiatives on Facebook, Instagram to focus on other services

FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports

Bitcoin jumps above US$24,000, leading crypto gains as U.S. acts to backstop banks

Bitcoin, Ether gain after U.S. regulators take charge to shield deposits across crypto-related banks

Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River

Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks

U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk

Meta working on a decentralized social media app: Moneycontrol

Bitcoin, Ether, Forkast 500 NFT index close lower on the day

Bitcoin, Ether slump in broad sell-off amid Fed red flags on rates, Silvergate Bank failure

Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%

Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil

Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market

Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal

Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales

FTX’s Alameda sues Grayscale over crypto trusts

China’s WeChat social media giant integrates digital yuan into payment platform

Kraken to launch U.S. crypto bank amid regulatory headwinds

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

Binance documents show ties to U.S. unit unknown to regulators, WSJ reports

Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network

Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies

Bitcoin, Ether fall; Litecoin is biggest loser of day

Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate

Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board

Visa not slowing down with crypto plans, says its crypto chief

Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse

March 2023

FastForkast headlines

Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse

Bitcoin, Ether prices fall; Solana biggest loser in top 10 cryptos

Huawei forms Web3 alliance with Polygon, Morpheus Labs, others

Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’

BitFlyer founder eyes CEO comeback, share sale amid boardroom conflicts: Bloomberg